Word: somoza
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After a year in power, Somoza's foes still show moderation...
...solidarity, Yasser Arafat last week opened the new mission of the Palestine Liberation Organization in the Nicaraguan capital of Managua. By giving the P.L.O. its first diplomatic representation in Central America, the Sandinistas were in a sense repaying Arafat for having supported their struggle against former Nicaraguan Dictator Anastasio Somoza. Throughout the weeklong celebrations marking the first anniversary of the Sandinista victory, the P.L.O. leader was given an enthusiastic reception. Everywhere he turned in Managua, he found his grinning face plastered on posters and T shirts along with the slogan: "The people of Palestine reclaim their country...
...pluralism, as well as freedom of speech and the press. Its apparent economic ideal is a combination of socialism and free enterprise. The Sandinistas have nationalized banks, insurance companies and the fishing industry, and taken over some 2.5 million acres of the country's arable farm land from Somoza and his cronies, yet they have allowed the private sector to retain control of about 60% of the gross national product. Despite their uncertainty over the Sandinistas' aims, many businessmen express cautious optimism about the future. Says Jorge Salazar, president of the Agricultural Producers' Union: "The private sector...
...continued support of private capital is crucial if the country is to overcome its formidable economic problems. The popular insurrection that erupted in January 1978 left physical damage estimated at $1.3 billion. When Somoza finally abandoned the shattered country, he left behind a staggering $1.5 billion debt and a national treasury of only $3.5 million. Today, with much of the nation's productive capacity still inert, unemployment is running at 30% and inflation...
...Nicaragua, against Communist subversion and aggression. While Carter has been deservedly criticized for seeming confounded and even paralyzed by the challenge of radical change in the Third World, at least he has recognized that indigenous social and economic forces, rather than Soviet agents, brought down the Shah and Somoza. Reagan's tendency to see the sinister hand of Moscow behind every upheaval and to label militant nationalists as Communists strongly suggests that he may be no better prepared than Carter to deal with the challenge...